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A contract is void if parties to a contract are mutually mistaken about their expectations.
Test Statistic
A standardized value derived from sample data during a hypothesis test that is used to make the decision about the null hypothesis.
Test Statistic
A value calculated from sample data that is used to evaluate the validity of a hypothesis.
Significance Level
The threshold at which a result is considered statistically significant, typically set at a p-value less than 0.05.
Sample Variance
A measure of variance calculated from a sample of data, representing the average of the squared differences from the mean.
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